Friday, October 16, 2026

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GBP/USD threatens 1.4915 after half-cent retreat

GBP/USD eyes 1.4915 after half-cent+ retreat from 1.4972 EUR/USD losses influenced cross retreat from 1.4972 Key resistance at 1.50 (1.4981 = Monday high; 1.4995 = Mar 26 high) 1.4915 was Tuesday's post-UK service PMI hi…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • GBP/USD eyes 1.4915 after half-cent+ retreat from 1.4972

  • EUR/USD losses influenced cross retreat from 1.4972
  • Key resistance at 1.50 (1.4981 = Monday high; 1.4995 = Mar 26 high)

  • 1.4915 was Tuesday's post-UK service PMI high, before drop to 1.4803

  • Shell/BG M&A deal prime focus for GBP Wednesday 

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By FxWirePro Team